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FTX has recovered over $5B in cash and liquid crypto


According to FTX attorney Andy Dietderich, the troubled cryptocurrency exchange has “recovered $5 billion in cash and liquid cryptocurrencies.” However, the exchange is still “working to rebuild transaction history,” and the total amount of customer shortfall is “still unclear.” The recovered assets do not include those seized by the Securities Commission of the Bahamas, which largely comprises the exchange’s native token.
The company plans to sell $4.6 billion worth of non-strategic investments, including subsidiaries such as LedgerX, Embed, FTX Japan and FTX Europe.